Vagus Nerve Stimulators Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Vagus Nerve Stimulators Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : October, 2020 | Medical Devices | PPT format

Report Digest


Global Vagus Nerve Stimulators Market: Overview

Increasing number of neurological diseases especially in developing economies is the key factor driving demand in the global vagus nerve stimulators market. Use of vagus nerve stimulation therapy helps in reducing neurological conditions such as neurological tremors and dyskinesia. Its application is also seen in while controlling bladder difficulties, restoration of hand gasp, and improves movement.

According to the data provided by the World Health Organization, globally 4.5% to 11% of illnesses are caused due to neurological diseases. Patients suffering from depression, asthma, and cardiovascular diseases are also treated with the help of vagus nerve stimulators.

Similar information is provided in the report published by TMR research. Insight on regional growth, market’s drivers, restraints, and vendor’s landscape all are given in the report. It will assist key market participants to take well-analyzed decisions.

Global Vagus Nerve Stimulators Market: Notable Developments

Key market players are engaged in product improvement and product innovation. This will give them an upper hand against their competitors. Leading players are also engaged in strategic alliance that will strengthen their position against their rivals. Some of the recent developments seen in the global vagus nerve stimulators market include:

•    The U.S. FDA gave approval to LivaNova Plc. for its VNS therapy system. This system is used for treating patient’s very young age (4 years) suffering with partial onset seizures that are refractory to antiepileptic medications.

•    Recently, electroCore, Inc. launched a non-invasive vagus nerve stimulator – gammaCore. This stimulator is used for acute treating pain associated with episodic cluster headache in adult patients. It is a hand-held medical device functional at the neck and transmits gentle, patented electrical stimulation to activate the vagus nerve. This helps the reducing pain.

Some of the most prominent competitors operating in the competitive landscape of global vagus nerve stimulators market include –

  • LivaNova
  • SetPoint Medical Corporation PLC
  • MicroTransponder, Inc.
  • Parasym Ltd.
  • Beijing PINS Medical Co., Ltd.
  • tVNS Technologies GmbH
  • Nervana, LLC

Global Vagus Nerve Stimulators Market: Trends and Opportunities

Number of cases increased due to depression has increased significantly in the last couple of years. According to the data provided by the National Institute of Mental Health, depression is one of the major cause behind mental disorder in the U.S. around 16.2 million people suffer from depression in U.S. in 2016. Moreover, number of people suffering from epilepsy are also increasing at a high rate and new cases are registered at a high rate. Thus with growing number of people suffering depressions and epilepsy has accelerated the global vagus nerve stimulators market.

Advanced Healthcare Practices Strengthened North America Vagus Nerve Stimulators Market
 
The demand for vagus nerve stimulators is high in North America, and this region is projected to hold larger share in the global vagus nerve stimulators market in the forthcoming years. Use of advanced healthcare system and growing advanced healthcare practices are the key reasons driving demand in North America vagus nerve stimulators market.  Europe is also expected to contribute considerably due to increasing awareness among consumers about the benefits of advanced healthcare services.

On other hand, Asia Pacific is also expected to new growth opportunities in the global vagus nerve stimulators market. Rise in neurological disorders of different types has provided a fillip in Asia Pacific vagus nerve stimulators market. Moreover, high prevalence of depression, migraine, and epilepsy in countries like China and India has further augmented growth of vagus nerve stimulators in Asia Pacific region. Vagus nerve stimulators manufacturers needs to collaborate with regional authorities to spread awareness about these conditions and benefits of using this devices that will help in reducing number of patients suffering from epilepsy.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?